GDT shows another positive result

Published 1 September 15

The latest Global Dairy Trade (GDT) auction showed a second consecutive positive result. The 10.9% index increase followed a 14.9% rise reported on 18 August. While average prices are still some of the lowest seen since the summer of 2009, it is another step in the right direction.

The global supply/demand imbalance will still be key to future price developments. However, farmers and analysts alike will be interested to see if this second significant increase triggers a buyer reaction and provides wholesale prices with some level of support.